Contract Accounting, Lease Accounting, and their Impact on Construction Contractors WEBCAST
Overview
Construction accounting is not just about revenue, but it is a lot about revenue. Leases too. Diving deep into the five-step approach for revenue recognition in the construction industry, this course has all of the rules and interpretations that you might need. Further, practical examples help to drive home the learning. Additionally, leases are critical for contractors. From equipment to warehouse space, leases appear prominently on many contractors’ book. Review the current guidance and begin to understand the new guidance under ASC 842.
Highlights
Contract accounting. Revenue recognition. Leases.
Prerequisites
None.
Designed For
Auditors of construction contractors. New staff auditors with responsibilities in the construction sector.
Objectives
Identify techniques to provide efficient, high-quality audit and accounting services to construction clients. Recall up-to-date GAAP accounting methods applicable to construction contractors, contracts, revenue, and leases. Identify significant accounting considerations for construction contractors. Recall considerations of auditors when servicing construction contractors.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Jennifer Elder, Business Learning Institute (BLI)
Jennifer Elder is a CPA, CMA, CIA, CFF with a Master’s in Organizational Leadership. She has worked in accounting and finance for the past 25 years in a variety of industries including manufacturing, residential construction and development, and angel investing. She spent five years in public accounting, seven years as the Accounting Department Chair of a community college, and the previous ten years in the role of CFO. Recently, Jennifer started her own business, The Sustainable CFO, providing business consulting, on-demand CFO services, and business coaching services. Their target market is small and medium-sized businesses looking to improve their bottom-line and overall performance. In addition Jennifer teaches finance in the Green MBA program at Antioch University New England. She is also a contributing writer for the National Association of Home Builders and TriplePundit, and a frequent presenter for the Maryland Association of CPA’s, the Institute of Management Accountants, and the Society for Human Resource Management.
Non-Member Price $118.00
Member Price $94.00